Barclays PLC Increases Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Barclays PLC lifted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 50.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,991 shares of the company’s stock after buying an additional 8,079 shares during the quarter. Barclays PLC’s holdings in Paycor HCM were worth $340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd raised its stake in shares of Paycor HCM by 27.7% during the 3rd quarter. XTX Topco Ltd now owns 22,325 shares of the company’s stock worth $317,000 after buying an additional 4,845 shares during the last quarter. State Street Corp raised its stake in shares of Paycor HCM by 5.2% during the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company’s stock worth $15,766,000 after buying an additional 54,834 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Paycor HCM by 7.8% during the 3rd quarter. Stifel Financial Corp now owns 13,498 shares of the company’s stock worth $192,000 after buying an additional 981 shares during the last quarter. Point72 DIFC Ltd raised its stake in shares of Paycor HCM by 532.2% during the 3rd quarter. Point72 DIFC Ltd now owns 18,708 shares of the company’s stock worth $265,000 after buying an additional 15,749 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Paycor HCM by 336.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 192,401 shares of the company’s stock worth $2,730,000 after buying an additional 148,301 shares during the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

Paycor HCM Price Performance

PYCR opened at $18.54 on Friday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -71.31, a price-to-earnings-growth ratio of 4.79 and a beta of 0.51. The business has a 50-day moving average of $17.96 and a two-hundred day moving average of $14.94. Paycor HCM, Inc. has a 12 month low of $10.92 and a 12 month high of $21.72.

Insider Buying and Selling at Paycor HCM

In other news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Paycor HCM in a research note on Friday, November 22nd. Stephens started coverage on Paycor HCM in a research report on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price objective for the company. BMO Capital Markets upgraded Paycor HCM from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $24.00 in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Paycor HCM from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their price objective on Paycor HCM from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Paycor HCM currently has an average rating of “Moderate Buy” and an average target price of $20.56.

About Paycor HCM

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.